Provident fund mainly refers to housing provident fund. Refers to the long-term housing savings paid by state organs and institutions, state-owned enterprises, urban collective enterprises, foreign-invested enterprises, urban private enterprises and other urban enterprises and institutions, private non-enterprise units, social organizations and their employees.
Provident fund loans usually need to be repaid normally for one year before they can be withdrawn, mainly in the following situations:
1. The repayment of commercial loans can be withdrawn 1 time every year, and the repayment amount of the previous year can be withdrawn each time.
2. Repayment of the home loan for owner-occupied housing requires transfer and withdrawal 1 time every year, and the withdrawal amount shall not exceed the principal and interest of the home loan to be repaid within one year.
3. If there is no self-owned house upon examination by the Provident Fund Center, 1 time shall be withdrawn every year to pay the rent of self-occupied house, and the withdrawal amount shall not exceed one year's rent.
4, construction, renovation, overhaul occupied housing extraction housing provident fund, can only be a one-time extraction of valid documents before the approval of the month (including the month) housing provident fund storage balance.
Legal basis:
Regulations on the administration of housing provident fund
Article 24
In any of the following circumstances, the employee may withdraw the storage balance in the employee housing provident fund account:
Purchase, construction, renovation and overhaul of owner-occupied housing;
2 retired;
(three) completely lose the ability to work, and terminate the labor relationship with the unit;
(4) Having left the country to settle down;
(5) Repaying the principal and interest of the house purchase loan;
Rent exceeds the prescribed proportion of family wage income.
In accordance with the provisions of items (2), (3) and (4) of the preceding paragraph, the employee housing provident fund account shall be cancelled at the same time.
If an employee dies or is declared dead, the employee's heirs and legatees may withdraw the storage balance in the employee's housing provident fund account; If there is no heir or legatee, the storage balance in the employee housing provident fund account will be included in the value-added income of the housing provident fund.